Who Has Faith In Downtown Phoenix!
June 8th, 2008 categories: Edits, Phoenix Downtown
On another real estate portal a website visitor asked if Downtown Phoenix will get cleaned up since despite the attractive condo and loft projects there are slums surrounding them.
I think it best to speak with the people already living there, how they feel about the lifestyle and how they are affected by the present, but disappearing slums. The thing is, you can actually meet residents in the streets, in the cafes and parks unlike in suburbia where you’re more likely to get honked at by your neighbor or maybe you’ll meet them sometime while both of you are getting the mail.
Faith? I don’t think you need faith to see what downtown Phoenix will become. The money is coming and more is on its way. Remember that the downtown renaissance is in its infancy. Each time I go there, there are more places to eat and to be with friends and I have no fear walking the streets at nights in most areas. Even 10 years ago and less I had no reason to go there. It was an office wasteland, but now its drawing me in, so much so that we’re moving to Midtown soon.
We have been investing in real estate in downtown/midtown and so have many of our clients. Add to this the rising cost of energy and the increasing distaste for suburbia then follow the money, follow it to downtown and midtown Phoenix. I encourage you to take a bike and ride the streets on a weekend morning then go at night to all those old little houses, many of which now are galleries or places to have a good beer.
Its also not a gamble as some propose to live and invest in Downtown Phoenix. I really don’t think downtown Phoenix is a gamble but a rational decision and plan, that will take time to fully mature. The planning has been going on for a long time. Take a look at what a light rail type system did in other major cities similar to Phoenix, sprawling cities like Phoenix, and the gamble becomes an educated guess, then look at what the population is doing and it becomes a natural progression.
